The gentleman is correct. Because what happens is when we begin to think outside the box and be creative and innovative, what we actually do is we save the taxpayers money, but we also at the same time generate more program money for those people that really need those benefits.
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Inappropriately applying position limits to such funds could significantly reduce investor access to commodity markets, shrink market liquidity, impede price discovery, and destabilize the market.
I think it is quite clear that this proposal goes far beyond anything EPA is authorized to do under the Clean Air Act, and I just think that is troubling that a regulatory agency would essentially ignore what Congress has given it…
one of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.
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